Nearby ICE Canadian canola futures were slightly firmer on Thursday as funds rolled their holdings to the July contract from the May contract. Gains were muted due to a lack of fresh fundamental news, a trader said. Deferred contracts eased slightly, pressured by expectations that supplies will remain heavy into the new crop year.
May canola ended 20 cents higher at $456.20 per tonne. The contract rose above its five-day moving average during the session. July canola gained 60 cents to $464.30 per tonne.